Wind power tax credit is vital to jobs

By Sen. Ron Wyden, Politico:

Just as the wind energy industry is poised for a record year, uncertainty about federal energy policy is threatening to pull the plug on its future.

The federal production tax credit for wind power is set to expire in less than three months. Wind energy companies are already curtailing manufacturing and construction plans, laying off workers along the way.

More layoffs are expected if we don’t act quickly. An estimated 37,000 Americans stand to lose their jobs within the next six months, according to the American Wind Energy Association, if Congress does not extend the tax credit, which supports the generation of wind energy. A similar fate awaits other renewable energy sectors, including biomass and waste-to-energy, which have tax credits set to expire next year.

The wind energy industry has created 75,000 jobs across our country — from turbine manufacturers in Ohio to power companies in Oregon… Read more

 

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